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Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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my mom died last month and we found out she had sold 4 houses

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my mom died last month and we found out she had sold 4 houses and receieved cash payments and never file income taxes for years, how do we handle this?
Submitted: 5 years ago.
Category: Tax
Expert:  Lev replied 5 years ago.
Hi and welcome to Just Answer!
If these houses were her primary residences and were sold at least two years apart and the capital gain on each was not more than $250,000 - no need to report these sales.
Otherwise - as an executor of her estate - you might be responsible for filing (or correcting ) her tax returns and paying all debts - including tax debts - before any estate may be distributed to beneficiaries.
Please see more information about filing tax returns for the decedent in IRS publication 559 -
Let me know if you need any help or clarification.
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